Risky alt investments being probed
The Massachusetts securities cop last week sent subpoenas to 15 brokerages as part of a probe of sales of alternatives. Here are the products the regulator is zeroing in on.
The sweep investigation of 15 brokerage firms initiated last week by Massachusetts is a clear message to the advice industry that regulators are hot on the lookout for risky alternative investments being sold to investors, especially senior citizens.
Regulators are concerned that seniors, de
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